108 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
108 views 3 mins

High noon for oil hunters

INVICTUS Energy, the firm that is exploring potentially lucrative oil fields in Zimbabwe’s Muzarabani district, says it has inked a deal with Poland-based Exalo Drilling SA to sink the first of its two test wells for the project. Exalo is a world leader in gas and oil well drilling. It is a crucial phase of […]

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264 views
FEATURED
Mining Index Zimbabwe
- March 22, 2022
264 views 7 mins

Zim dangles minerals to US in sanctions fight

THE Zimbabwe government is dangling rare earth elements (REE) to the United States (US) in a desperate move to influence the lifting of sanctions, as the country’s economy goes on a tailspin, documents show. On September 1, 2019, the government of Zimbabwe hired British consultancy firm Mercury International UK Limited, now Actum International UK Limited, […]

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136 views
FEATURED
Mining Index Zimbabwe
- March 21, 2022
136 views 3 mins

Blanket lifts revenue 21% after shaft launch

GROSS revenue at Caledonia Mining Corporation rose by 21% to US$121 million during the year ended December 31, 2021 after it reported its biggest gold output. Caledonia operates Gwanda-based gold producer Blanket Mine, which has been on an aggressive expansion drive over the past five years. According to its operating and financial results for the […]

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161 views
FEATURED
Mining Index Zimbabwe
- March 21, 2022
161 views 2 mins

De Beers unveils $420M diamond-mining ship

De Beers has revealed the newest member of its underwater mining fleet: a $420 million ship that is set to add 500,000 carats of high-value diamonds to its annual production from Debmarine Namibia. The custom-built vessel, called the Benguela Gem, will begin diamond-recovery operations this week, De Beers said Friday. Paid for by De Beers […]

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285 views
FEATURED
Mining Index Zimbabwe
- March 21, 2022
285 views 4 mins

Australia uses coal/alumina to aid the Ukraine

Australia over the weekend took the decision to ban alumina and aluminium ore exports, including bauxite, into Russia, as part of sanctions against the nation following its invasion of the Ukraine. Trade Minister Dan Tehan said the ban on Australian aluminium ores and alumina would limit Russia’s capaclty to produce aluminium, which is a critical […]

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240 views
FEATURED
Mining Index Zimbabwe
- March 21, 2022
240 views 3 mins

Prospect secures lithium deposit

PROSPECT Resources’ wholly-owned subsidiary, Promin Resource Holdings Ltd, has acquired a potential high-grade lithium deposit located approximately 8km north of Arcadia Lithium project, the parent company has revealed. According to the company’s half year financial results for the year ended December 31, 2021, an exploration programme is underway. “During the period, Prospect’s wholly-owned subsidiary, Promin […]

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314 views
FEATURED
Mining Index Zimbabwe
- March 21, 2022
314 views 3 mins

US Treasury sanctions one of Africa’s biggest gold refiners

The US Treasury sanctioned Belgian gold trader Alain Goetz and his African Gold Refinery, one of the continent’s biggest processors of the metal, for allegedly contributing to conflict in the Democratic Republic of Congo. Goetz and Uganda-based AGR are key players in Congo’s illicit gold trade, which is worth hundreds of millions of dollars each […]

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141 views
FEATURED
Mining Index Zimbabwe
- March 17, 2022
141 views 6 mins

ZCDC diamonds back on the market

STATE-OWNED diamond miner, Zimbabwe Consolidated Diamond Company (ZCDC)’s gems are back on the market after a seven-month hiatus. The ZCDC has been on a massive production ramp up spearheaded by a new management team. Last year, for the first time, the diamond company declared a dividend to its sole shareholder, the government. In an interview, […]

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175 views
FEATURED
Mining Index Zimbabwe
- March 17, 2022
175 views 2 mins

VW joins sustainable mining initiative to boost scrutiny

Volkswagen has joined a group that sets environmental and social standards in mining as the world’s No.2 carmaker steps up efforts ensure its raw materials are sustainable, especially in electric vehicles (EVs). Big companies have come under increasing pressure from shareholders and consumers to meet stricter standards relating to the environment, social issues and governance […]

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167 views
FEATURED
Mining Index Zimbabwe
- March 17, 2022
167 views 4 mins

Invictus reports US$2 million loss

ZIMBABWE’S oil and gas operator, Invictus Energy Limited incurred a loss after tax of Australian $2,6 million (US$1,9 million) for the half year ended 31 December 2021, up 164% compared to the same period in 2020. For the year ended December 31, 2020, the company incurred A$993 755 (US$718,579) loss. The Australian Securities Exchange-listed firm […]

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